Convenience stores have operated in a rapidly changing environment over the past five years. Falling consumer sentiment, fluctuating household income growth and continued competition from small-format grocery stores, supermarkets and fuel retailers have all challenged industry operators. Industry sales are expected to fall by an annualised 2.0% over the five years through 2015-16. Despite the tough retail landscape, operators have remained up-beat by reviewing prices and product ranges to offer consumers value for money.
Convenience stores sell a range of products including cigarettes, beverages, confectionery, snack foods, ready-to-eat foods, mobile phones and accessories, magazines, newspapers and general merchandise. This industry includes milk bars and corner stores, and excludes businesses that primarily operate as supermarkets, sell specialised foods (fruit, bread, deli goods) or generate the majority of their sales via fuel retailing.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.